Check Out the declining quarterly profits at Estee Lauder, Hanesbrands and Black & Decker.
Cosmetics maker Estee Lauder reported lower first-quarter profit as higher expenses offset a rise in sales. Expenses also hurt Hanesbrands. The underwear manufacturer posted lower third-quarter profit, dragged down by higher interest expense. At Black & Decker, weakness in the U.S. housing market and higher commodity prices were the culprit.
Meanwhile, Cott posted a loss as restructuring charges and weak demand in North America hurt the retail-brand soft drink maker.
Perhaps the tense environment has consumers turning to Reynolds American and UST for some relief.
Reynolds American reported a 16 percent rise in quartelry profit, helped by sales of smokeless tobacco, while UST said its third-quarter profit rose, helped by increased sales of smokeless tobacco and strength in its wine business.
Also in the basket:
Mattel Inc recalls 12,000 toys - EU Commission
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